Gold ticks higher, set to snap streak of weekly declines

Gold prices inched higher Friday but gains were capped by a rise in bonds yields and stocks. However, bullion's trade over the past five sessions puts it on pace to break out of a weekly skid of three consecutive weekly losses.

Gold for December delivery on Comex was up 80 cents, or less than 0.1%, at $1,507 an ounce, after retreating 0.6% on Thursday. For the week, the yellow metal is on track for a 0.5% gain based on last Friday's closing price, which would halt three consecutive weekly declines, bringing the metal back above a psychologically significant level above $1,500.

December silver edged 2 cents, or 0.1%, lower to $17.865 an ounce, with the white metal on pace for a weekly gain of 1.8%.

Source : MarketWatch

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